Fundraising Fox

MSM

Impact investor

Lisbon · Seed–Series A · 10 people tracked

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Investment thesis

MSM positions itself as an impact VC partner that backs businesses solving social and environmental challenges. It invests in fast-growing European ventures with global scaling potential, focusing on companies where impact and financial returns are mutually reinforcing. The firm frames impact as something actively built alongside business growth, helping founders expand both their social and environmental outcomes and their commercial performance.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
HQ
Lisbon, PT
Instruments
Equity
Founded
2018
Tracked investments
38

Team · 10 people

from the firm's website & public directories

What they invest in

from 29 of 38 portfolio companies

AI & Machine Learning ×7Enterprise Software ×6Circular Economy ×5Climate Tech ×5SaaS ×5EdTech ×4Fintech ×4Marketplaces ×4

HQs:United Kingdom×6Portugal×3Germany×2France×2Curaçao×1Spain×1

Who they back

founder profiles across 13 portfolio companies
54%
solo founders
7 of 13 mapped founding teams

Founding team size:solo founder×72 founders×6

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · 38 tracked

founders shown can be your intro path
Agro Leagueagro-league.comin𝕏

AgroLeague is an online community platform that facilitates knowledge sharing, practical case studies, and discussions between agronomists and farmers focused on sustainable and conservation agriculture practices.

AgTech

Co-investorsBrighteye Ventures

Biorcebiorce.comin

Aika is an operating system that uses AI and automation to orchestrate clinical trial development end-to-end, helping organizations accelerate protocol creation, prevent amendments, and interpret complex datasets across all stages of trial development.

AI & Machine LearningDeep TechMedical Devices

Pedro Coelho(Founder)in

Co-investorsEndeavor CatalystYZR CapitalNorrsken VC

Chatterboxchatterbox.ioin

Chatterbox provides enterprise language learning that combines app-based, AI-powered self-study with live 1:1 video coaching from native-speaking coaches, offering courses in Dutch, German, French, English, Arabic and Spanish.

AI & Machine LearningEdTechEnterprise SoftwareFuture of WorkImpact & Social Good

Co-investorsBethnal Green VenturesGMG VenturesMercuri.vc

Clearclear.bioin𝕏

Clear.bio develops treatments for type 2 diabetes, with a program already reimbursed in select healthcare networks in the Netherlands.

HealthtechMedical DevicesAmsterdam, NL

Co-investorsFuture Food Fund

Connect Earthconnect.earthin𝕏

Connect Earth provides a Sustainable Finance operating system that helps financial institutions assess portfolio sustainability, automate ESG reporting, and align investments with sustainability standards like the EU Taxonomy and SFDR requirements.

Climate TechData & InfrastructureFintechImpact & Social GoodUK, GB

Alex Lempka(CEO)inNick Carmont(Founding CTO)in

Co-investorsBeyond CapitalCreative Destruction Lab (CDL)Double DownEntrepreneur FirstGlobal BrainGresham House Ventures+3 more

Eatkitcheatkitch.com𝕏
Findsfinds.world
Flectoflecto.ioin𝕏

Flecto is a SaaS platform that enables rental companies to manage operations, build online sales channels, and integrate business tools.

B2B MarketplacesCircular EconomyClimate TechMarketplacesSaaSLisbon, PT

Co-investorsTechstarsSemapa NextÜbermorgen VenturesMustard Seed Maze

Go Paritygoparity.comin

Goparity is a crowdfunding platform offering both loan-based crowdfunding (crowdlending) and equity-based crowdfunding (crowdequity) services for investors and project creators.

B2B MarketplacesFintechMarketplacesLisboa, PT

Co-investors3xP GlobalShip2B

Hypelabshypelabs.ioin𝕏

Hype Labs operates a Wi-Fi roaming marketplace and settlement platform that automates billing, partner matching, and connectivity transactions between network providers and identity providers.

Cloud ComputingEnterprise SoftwareSaaS

Co-investorsFuture Energy Ventures

Iconoclassiconoclass.euin

Iconoclass is an intensive 3-month bootcamp that trains professionals in B2B sales roles and commercial development.

EdTechEnterprise SoftwareSales Tech

Co-investorsBrighteye Ventures

Ivyprotocolivyprotocol.comin𝕏

Ivy Protocol develops technology infrastructure to integrate natural capital and ecosystem health into economic systems, enabling creation and trading of environmental assets to combat climate change at scale.

Climate TechData & InfrastructureFintech

KETS Quantum Securitykets-quantum.com

KETS builds chip-based quantum security hardware, including Quantum Key Distribution (QKD) and Quantum Random Number Generators (QRNG), designed for use across defense, finance, critical infrastructure, and telecoms.

CybersecurityHardwareQuantum ComputingBristol, GB

Co-investors2050 CapitalQuantonationSeraphim SpaceMustard Seed MazeSpeedinvest

Knokcareknokcare.comin𝕏

Knok provides a white-label, customizable digital health platform for care orchestration, serving healthcare payors, providers, insurers, health plans, national health systems, pharmaceutical companies, and clinical laboratories.

Digital HealthHealthtechSaaS

Loctaxloctax.comin

Loctax is an AI-assisted tax research platform that combines verified tax intelligence from IBFD with company data to provide jurisdiction-specific answers on corporate tax, transfer pricing, withholding tax, and other compliance issues.

AI & Machine LearningEnterprise SoftwareLegalTech

Co-investors3cubed VenturesCavalry VenturesEntourage VenturesIndex Ventures

London Yurtleyurtle.co.uk
Maven Petmaven.petin

Maven Pet makes a clinically validated pet health tracker: a sensor that attaches to a standard collar and monitors dogs' and cats' activity, rest, resting respiratory rate, heart rate, water intake, and itch behaviors 24/7.

HardwareIoTWellness & Fitness

Co-investorsBlueCrow CapitalEarl Grey CapitalFaber

Mindstonemindstone.comin𝕏

Mindstone offers AI training and academies — including enterprise AI, agentic AI, and executive-focused programs — along with community events for individuals, small teams, and organizations.

AI & Machine LearningEdTechEnterprise Software

Joshua Wöhle(CEO)inGreg Detre(Head of Technical & Product)in

Co-investorsKickstart InnovationZanichelli VentureScout FundThe Fund

Nuinui.carein

Nui is a mobile app for family caregivers in Germany that provides information on care benefits, helps optimize care budgets, and assists with application processes for care support.

Digital HealthHealthtechMunich, DE

OHNEohne.comin

Wellness & FitnessLondon, GB

Co-investorsTechstarsThe Fund

omocomomocom.insurancein

Omocom develops embedded insurance solutions for sharing economy platforms, enabling companies to offer protection to users when renting, sharing, or borrowing assets.

Circular EconomyInsurTechStockholm, SE

Co-investorsKickstart InnovationLightbird Ventures AG

Orbital Materialsorbitalmaterials.comin

Uses AI to discover exotic new materials; raised a $50M Series B led by Plural.

Co-investorsCompoundFly VenturesFlying Fish VenturesISVRadical VenturesBoxGroup+1 more

Outmindoutmind.aiin𝕏
Pollenpollen.energyin

Pollen operates a battery-swapping network with universal, swappable batteries offered via subscription for electric mopeds, motorcycles, and other lightweight two-wheelers.

CleantechEnergyMobility & TransportationLisbon, PT

Co-investorsBynd Venture CapitalNorthzonePollen Street Capital

Read the announcementkitch.io𝕏

1Win India is an online gambling platform offering sports betting on 35+ sports (including cricket, kabaddi, and field hockey) and a casino with 13,000+ games such as slots, live dealer tables, poker, and crash games.

ConsumerGaming

Read the announcementexpresso.pt
Read the announcementdinheirovivo.pt
Refiverefive.ioin𝕏

Refive provides digital receipt and QR-code-based data capture technology for brick-and-mortar retailers to collect in-store customer data and enable personalized engagement.

Marketing TechRetail Tech

Samarasamara.energy

Samara provides residential solar energy solutions with flexible payment options, aiming to make solar adoption accessible for homeowners.

CleantechClimate TechEnergy

Sojosojo.ukin

SOJO is a UK-based clothing repair and alterations platform offering online-booked repair services for consumers and white-label, tech-enabled aftercare solutions for fashion brands, including in-store alterations digitisation and damaged stock recovery.

Circular EconomyConsumerMarketplacesRetail TechLondon, GB

Josephine Philips(Founder)

Co-investorsConduit ConnectHaatchCapitalTS2G Investments

Superflowssuperflows.aiin𝕏

Superflows builds an AI assistant platform that integrates with product APIs to enable users to get data insights, generate visualizations, and execute actions through natural language queries.

AI & Machine LearningEnterprise SoftwareSaaS

Thriftthrift.plus

Thrift+ is a secondhand fashion marketplace that enables consumers to buy and sell pre-owned clothing with quality assurance and hassle-free logistics.

Circular EconomyMarketplaces

Co-investorsRedbus Ventures

tl;dvtldv.ioin𝕏

tl;dv is an AI meeting recorder that transcribes, summarizes, and analyzes sales and customer calls, turning conversations into insights, CRM updates, alerts, and shareable clips.

AI & Machine LearningSaaSSales Tech

Co-investorsShilling VCanother.vcMustard Seed Maze

Uptainuphillhealth.com

Co-investorsBrighteye VenturesEnjoyventure Management

Vanilla Steelvanillasteel.comin

Vanilla Steel operates an AI-supported trading service for buying and selling carbon steel products, acting as the direct counterparty and managing offers, financing, and logistics for sellers and buyers.

AI & Machine LearningB2B MarketplacesNew Materials

Alexis Ducros(Founder)in

Co-investorsPolipo Ventures

Win Wineatwinwin.comin𝕏

WinWin makes cocoa-free chocolate using fermentation and food science to convert sustainable, lower-cost ingredients into a product that snaps, tastes and melts like conventional chocolate.

Circular EconomyClimate TechFoodTechLondon, GB

Ahrum P(Founder)

Co-investorsFoodLabs

Your Junoyourjuno.coin

Your Juno is a financial education platform designed for women and non-binary people, offering tools and knowledge to help users build wealth and confidence in financial decision-making.

ConsumerEdTechFemTechFintechLondon, GB

Margot de Broglie(Co-founder)Alexia de Broglie(Co-founder)

Co-investorsDigital Currency GroupInreach VenturesSie Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has MSM made?
MSM has 39 tracked investments.
What stage does MSM invest at?
MSM invests at the Seed, Series A stages.
What sectors does MSM focus on?
MSM focuses on AgTech, Circular Economy, Cleantech, Climate Tech, Consumer, EdTech, Enterprise Software, FemTech, Fintech, Future of Work, Healthtech, Impact & Social Good, Retail Tech, SaaS.
Where is MSM located?
MSM is headquartered in Lisbon, PT.
Who does MSM co-invest with?
MSM most often shares deals with Seedcamp, Brighteye Ventures, FoodLabs, among 66 tracked co-investors.

Co-investors · 6

Index Ventures

Index Ventures is a multi-stage venture capital firm that backs companies from Seed to IPO and beyond, including through its dedicated seed fund Index Origin.

Both backed · 1
$540K – $10.8M
Speedinvest

Speedinvest operates a Portfolio Success program that connects its 400+ portfolio startups with customers, follow-on investors, industry experts, talent, discounted tools, and fellow founders across Europe, the Middle East, Africa, and beyond.

Both backed · 1
$5M – $30M
Balderton Capital

Balderton Capital is a European venture capital firm that backs technology startups.

$5M – $50M
Causal

Causal is a financial planning and analysis platform that enables finance teams to move beyond traditional spreadsheet-based planning by integrating data from multiple sources and providing dynamic forecasting, budgeting, and scenario planning capabilities.

Notion Capital

Notion Capital is a B2B software-focused venture capital firm built by operators, backing SaaS, cloud and enterprise technology companies.

$1M – $100M
Passion Capital

Passion Capital is a UK-based early-stage venture firm founded in 2011 by Stefan Glaenzer, Eileen Burbidge, and Robert Dighero, focusing on digital media and technology investments. The founding partners bring combined experience from entrepreneurial and executive roles in technology companies.

Firms observed investing alongside MSM, from public investor directories. Shared companies are the overlap with MSM's recorded portfolio.

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